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Word: importancies (lookup in dictionary) (lookup stats)
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...indulging in wishful thinking if they believe the political editorials on "Central America, the arms control debate, the Reagan budget, and national elections" are anything more than journalistic exercise prepping the author for a future at the Times or the Post. They are welcome, but don't attach such import to them...

Author: NO WRITER ATTRIBUTED | Title: 'Bloom County' | 3/15/1983 | See Source »

...come out against passing on the price break to American consumers. Lower prices, they agree, will lead to higher consumption, so that OPEC would, in Safire's words, "be back in the saddle again." Instead, says the Times, we should "build on the exporters' current weakness" with an oil import tax. Safire and Buckley enthusiastically concur, arguing for a tax to "smash the price fixers and supply-controllers," and to "tear OPEC apart." An oil import tax, these foes of Big Oil contend, would keep domestic prices high, thus maintaining present trends towards conservation and increased domestic production. This would...

Author: By David V. Thottungal, | Title: Passing the Buck | 3/3/1983 | See Source »

...needlessly perpetuating the cruel exigencies that conservation has forced on us. High prices for gas and heating fuel place an extraordinary burden on the poor, whose "conservation" efforts frequently mean choosing food over heat in the winter. The depressing economic influence of a $15-a-barrel tax on oil imports, according to Safire's own estimate, would cost us one million jobs. Liberal supporters of an oil import tax suggest that revenues from the tax be channelled to the poor, but, given the current political climate, it would be naive to expect such an allocation. The money would probably...

Author: By David V. Thottungal, | Title: Passing the Buck | 3/3/1983 | See Source »

...free market" has also proven inadequate to stimulate domestic energy production. Higher prices have admittedly moved the oil companies to step up their drilling, but exorbitant levels are needed to sustain even a modest amount of new exploration. The relatively small drop in imported oil prices since December, 1981 (slightly less than $6 per barrel) has caused the number of rigs in operation to drop by more than half. Once again, specific regulatory action--such as subsidies for oil exploration and development of alternate energy sources--would be more effective and less damaging than a hamhanded oil import...

Author: By David V. Thottungal, | Title: Passing the Buck | 3/3/1983 | See Source »

...predominantly Christian section of the city. Last week, after negotiations with the government of President Gemayel, the militia agreed to make way for the army. The agreement also called for the government to take over the "Fifth Basin," an illegal port where the militiamen have long collected import duties. In fact, even after the army takes over the Fifth Basin, the militia may continue to collect revenues there. The militiamen may have agreed to cooperate with the government, but they were not yet ready to put themselves out of business...

Author: /time Magazine | Title: Middle East: Weathering the Storm | 2/28/1983 | See Source »

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